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Multifamily Loans in
Ewing, NJ

Overview

Ewing is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Ewing are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Ewing are slightly higher than the national average. Ewing apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Ewing.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Ewing, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ewing are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.61% - 3.85%
7 Year Fixed 3.44% - 3.68%
10 Year Fixed 3.66% - 3.90%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.10% - 3.35%
7 Year Fixed 3.30% - 3.75%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Ewing may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Lenders in Ewing, NJ

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Ewing.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 02, 2021


Ewing Market

The city of Ewing in Mercer County has a population of 36,037. The median rent in Mercer County for a 2 bedroom is $1,683. The median Ewing resident is 38 years old with a yearly income of $33,953. The average family has 3.19 members and a median household income of $78,876. Ewing has a 38% higher education rate. The unemployment rate in Ewing is 7.4%.


Population
36,037 people

County
Mercer County

Renters

32.4% of Ewing households are renters.


Rent Burden

29.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Mercer County 1
New Jersey 2
National 2
Studio $1,110 $1,166 $737
1 bedroom $1,280 $1,353 $813
2 bedroom $1,683 $1,671 $1,015
3 bedroom $2,093 $2,131 $1,325
4 bedroom $2,304 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Ewing Demographics


Median Individual Income
$33,953 / year

Median Household Income
$78,876 / year

Families w/ Dual Incomes
56%

Unemployment Rate
7.4%
Household Income Distribution
Ewing, NJ

Median Age
38 years

Avg Family Size
3.19 people
Age Distribution
Ewing, NJ

College Education or Above
38%

STEM College Graduates
44%
Education Distribution
Ewing, NJ
Source: U.S. Census Bureau

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